Mercer Global Advisors Inc. ADV Buys New Stake in Matterport, Inc. (NASDAQ:MTTR)

Mercer Global Advisors Inc. ADV bought a new stake in Matterport, Inc. (NASDAQ:MTTR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,879 shares of the company’s stock, valued at approximately $118,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vestcor Inc purchased a new stake in Matterport in the 4th quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new stake in Matterport in the 4th quarter valued at approximately $34,000. CIBC Asset Management Inc purchased a new stake in Matterport in the 4th quarter valued at approximately $50,000. Dark Forest Capital Management LP purchased a new position in shares of Matterport during the 4th quarter worth $62,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Matterport during the 4th quarter worth $88,000. Hedge funds and other institutional investors own 36.96% of the company’s stock.

Matterport Price Performance

Shares of Matterport stock opened at $5.38 on Friday. Matterport, Inc. has a fifty-two week low of $3.90 and a fifty-two week high of $5.46. The firm has a market cap of $1.74 billion, a PE ratio of -6.48 and a beta of 1.06. The business’s fifty day moving average is $5.38 and its two-hundred day moving average is $5.13.

Matterport (NASDAQ:MTTR) last issued its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Matterport had a negative return on equity of 32.19% and a negative net margin of 157.21%. The business had revenue of $43.82 million for the quarter, compared to analysts’ expectations of $42.87 million. Equities research analysts anticipate that Matterport, Inc. will post -0.44 EPS for the current year.

Matterport Profile

Matterport, Inc, a spatial data company, focuses on digitization and datafication in the United States and internationally. The company offers Matterport Capture Services, a fully managed solution for enterprise subscribers; Matterport Pro3, a 3D camera that scans properties; Matterport Pro2, a 3D camera that captures spaces; LEICA BLK360, a device to create digital twins; Smartphone Capture, a smartphone capture solution for both iOS and Android; and 360 Cameras.